Private Banks Propose to Help Design Digital Currency in Mexico

MexicoPrivate banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a […]

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Coinbase to Allow Remittance Receivers in Mexico to Cash Out in Local Currency

Coinbase, a leading U.S.-based exchange, has announced it will now allow remittance receivers in Mexico to cash out the funds received through its service in local currency. This marks the first foray of the company into the Mexican remittance business, allowing customers to cash out in more than 37,000 convenience stores and other locations in […]

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Ricardo Salinas Pliego Hints at Elektra Group Selling Bitcoin in Its Stores

elektraRicardo Salinas Pliego, president of the Salinas Group, owner of the Elektra Group stores, hinted at the possibility of the shops selling bitcoin. The executive stated that due to the regulations of the Central Bank of Mexico, his company cannot implement cryptocurrency integration in the Azteca Bank app. However, he did point out that Elektra […]

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Mexico Announces It Will Issue Its Own Digital Coin by 2024

mexicoThe government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico […]

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Colombian Real Estate Platform Allows Users to Acquire Property With Bitcoin

colombianA Colombian real estate platform is now allowing users to purchase properties with Bitcoin. The platform, called La Haus, is promoting bitcoin payments for a new real estate project in Santa Marta, called Natura City. This is an expansion of the platform, which has already established such a service in Mexico. La Haus to Allow […]

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